Ratnakar Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Ratnakar Bank Raipur Raipur Chhattisgarh

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MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rbl Bank Ltd
Contact 1800123804
Bank Details Ratnakar Bank Ltd Rbl Bank Ltd RATN0000199
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address Rbl bank limited formerly the ratnakar bank ltd, gr floor shop no 3 and 5 1st floor 3 4 and 5 raheja extension m g road raipur chhattissgarh 492001
MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raipur
Contact 0
Bank Details Ratnakar Bank Ltd Raipur RATN0000524
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address Shop no13 14 shankar nagar raipur chhattisgarh 492001
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

Search Ratnakar Bank MICR Codes in raipur

You can search through MICR Codes of Chhattisgarh branches in raipur of District raipur in Chhattisgarh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 2 branches of Ratnakar Bank Ltd are available with micr code -

>>Raipur >>Rbl Bank Ltd

How to find MICR codes for Ratnakar Bank in raipur?

Ratnakar Bank raipur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Ratnakar Bank MICR codes list for raipur, one can further search by branch name specified in the table. You can find MICR codes for all Ratnakar Bank raipur branches.

Ratnakar Bank MICR code in raipur

Ratnakar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Ratnakar Bank MICR code for raipur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Ratnakar Bank branches in raipur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Ratnakar Bank MICR code for raipur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Ratnakar Bank raipur branch, sprinted using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. Thus MICR code for Ratnakar Bank raipur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Ratnakar Bank MICR codes for raipur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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